Funding you earn now, next payment 08:00 UTC+0.0527%/8h= +57.7% APRnext payment +$2.63 per $10,000 · paid last 24h +0.075%
Price spread now: BingX against Bybit+0.261%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$1101.104% of the position
Funding, last 7 days+0.823%+$82 on $10k
+Price spread, last 7 days−0.329%−$33 · spread now +0.261%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.312% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIPPINUSDT | 0.01916 | 0.0291 | pay 0.0146% / 4h | 1h 02m | $3.7M | $1.5M | 13x |
| Short | BingX PIPPIN-USDT | 0.01921 | 0.0818 | get 0.0409% / 4h | 1h 02m | — | $1.3M | — |
Bybit PIPPINUSDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $110.64
- Price spread: +0.261% → −0.051%
- $31.22
- Slippage, 4 orders
- −$89.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $31.43
- Costs to cover
- 1.104%
- Break-even
- 5.0 days
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 13 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 5 min ago | 2.60 bp | 22.9 bp −$23 | 286.3 bp −$2,863 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 2.60 bp | 43.8 bp −$44 | 113.9 bp −$1,139 | 539.3 bp −$53.9K | doesn't fit |
PIPPIN on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01912 | −0.194% | $112K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01915 | −0.042% | $18K | $6K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01915 | −0.052% | $5.4M | $5.3M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01915 | −0.052% | $2.7M | $765K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01919 | +0.157% | $2K | $10.4M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01912 | −0.209% | $35K | $14K | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0115% | 4h | 0.01917 | +0.052% | $256K | $27K | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0268% | 4h | 0.01913 | −0.157% | $1.8M | $329K | 20x | as long as short |
| Bybit PIPPINUSDTlong | +0.0291% | 4h | 0.01916 | long leg | $3.7M | $1.5M | 13x | |
| OKX PIPPIN-USDT-SWAP | +0.0302% | 4h | 0.01914 | −0.104% | $1.5M | $3.5M | 20x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTshort | +0.0818% | 4h | 0.01921 | +0.261% | — | $1.3M | — | |
| Bitget PIPPINUSDT | +0.0842% | 4h | 0.01917 | +0.052% | $1.6M | $320K | 10x | as long as short |
| KuCoin PIPPINUSDTM | +0.0964% | 4h | 0.01915 | −0.052% | $2.1M | $6.1M | 25x | as long as short |
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM